On November 3, 2023, the Centre for Chinese Research and UBC Konwakai Chair Program organized a seminar talk on the Impact of Social Capital on the Successful Localization of Chinese Enterprises in ASEAN with Professor Bin Xiong.
<About the event>
As the biggest trading partner of ASEAN countries, China became a significant source country for FDI into ASEAN. In the end of 2022, more than 6500 Chinese FDI firms have been set up in ASEAN and human resources localization turned to be the dominant strategy adopted by the Chinese overseas firms. By building up various social networks with the government sectors, upstream and downstream local firms as well as the media, Chinese overseas firms endeavoured to get access to their social capital, which is defined as a variety of resources obtained by the enterprises in the process of investment and operation in host countries and measured by the enterprise’s social network. Dr. Bin Xiong will try to start from the micro perspective of enterprises and use Chinese overseas enterprises survey data in nine ASEAN countries to identify the impact of social capital of Chinese overseas enterprises, the institutional distance between China and ASEAN on enterprises’ implementation of localization strategies.
<About the speaker>
Bin Xiong is professor in Kunming University of Science and Technology (KUST) located at Kunming city, Yunnan province, P.R.China. She is serving as the director of the ASEAN Research Center of KUST and sitting at China (Yunnan) Pilot Free Trade Zone Advisory Committee, and Yunnan Trade Promotion Association Expert Committee. Currently, she is a visiting scholar at The School of Public Policy and Global Affairs (SPPGA), UBC. Her research specializes in international trade and foreign direct investment, industrial policy and development, regional sustainable development, focusing on the Southeast Asian region.
Dr. Xiong is the author of “Impact of China’s FDI on GMS countries- Perspective of Inclusive Development”( Chinese Social Science Press, 2020) and “Policy Recommendations for the Promotion of Cooperation between Yunnan Province and GMS countries”( 2nd author, Chinese Social Science Press, 2011).
She has published in such journals as World Economy Studies, Journal of International Trade, Soft Science etc. Her research has been supported by the Chinese Social Science Foundation, the Ministry of Education of China, the Department of Commerce and Foreign Affairs Office Yunnan Provincial Government, Yunnan Department of Commerce, the International Development Research Centre of Canada(IDRC), Asian Development Bank(ADB) etc.
Dr. Xiong has received 6 awards at the Provincial level such as Woman Red flag Bearer of Yunnan Province, the second and third prize of Outstanding Achievement of Yunnan Social Science Research, and Business Talent of the Province.